
Half of Global E-Commerce Flows Through China
E-commerce growth is global, but scale is overwhelmingly concentrated in China.

E-commerce growth is global, but scale is overwhelmingly concentrated in China.

Asia’s tech landscape is anchored by a handful of full-stack hubs in China, Japan and South Korea, while India and Singapore drive startup expansion.

Broad-based growth across partners and sectors, led by machinery and transport equipment, signals renewed strength in China’s export engine.

Asia’s scale, speed and integration are no longer concentrated in a single core, but spread across multiple, complementary engines.

Even as global ship orders declined in 2025, early-2026 data shows a rapid rebound, with China securing the vast majority of new contracts.

Production growth remains steady, but trade is increasingly concentrated and price-driven, heightening exposure to energy shocks and critical chokepoints.